This property looks like a bad Long-Term investment with a projected -19.66% first-year return on $197k initial cash invested.
-19.66%
Cash On Cash
2.18%
Cap Rate
0.36
DSCR
$3,422
Rent
-$3,227
Cashflow
Cash Flow
$3,422 income − $6,649 expenses = $3,227 out of pocket
Investment Breakdown
|
Purchase Price
$938k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$197k
Downpayment
20%
$188k
Closing costs
1%
$9,380
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,422
Total Expenses
$6,649
Mortgage P&I
139%
$4,760
Property Taxes
20%
$672
Home Insurance
10%
$328
HOA
0%
$0
Property Management
10%
$342
CapEx
5%
$171
Vacancy
6%
$205
Maintenance
5%
$171
Other
0%
$0